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VGP euronext short ideaShort idea based on: 1. Peak of rising wedge. 2. High volume rejection candles. 3. Gaps identified. Stoploss: Above ATH. FYI: High time frame support levels are highlighted on the chart. Disclaimer The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
EURONEXT:VGPShort
by Zuccichin
1
Don't let the bad results scare you.Reasons to buy: +Oil price going up +Vaccinations going up +Bull flag (green) +Good support line (orange) +Best dividend payer in France +Price has not fully recovered since march (yes i see this as a plus) Reasons not to buy: -MACD hasn't crossed yet -Not yet oversold on daily -OIL isn't that popular these days I see 2 situations happening: green: slowly rising till we break out from the flag. red: Fakeout (Orange support didn't hold) and later we also break out from te flag When should you be worried: If the bullflag support line doesn't hold (bottom green line) and if the 100 and 200 MA lines don't hold (green and purple line righ under the bullflag). TBH i don't see this happening, but that should not mean that we aren't prepared for that. Good luck & Have fun! Don't let the other red and blue lines distract you.
EURONEXT:TTELong
by pol13337
2